News of the Week

Coinbase and Visa to Launch Card for Spending BTC, ETH, XRP

Coinbase, one of the world’s biggest exchanges, has taken a major step towards showing the world that by utilizing a Visa-produced Coinbase Card anyone can spend digital coins easily as if those were money in their bank account. After the recent partnership of Coinbase and Visa, users now can easily spend Bitcoin along with the coins that closely follow it by market cap value – ETH, XRP, LTC – at regular stores.

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Second-Largest Grocer Joins IBM Food Trust Blockchain

Albertsons Companies, the world’s second-largest supermarket company by sales, has joined IBM’s Food Trust blockchain, a digital system for tracking and tracing food between retailers and suppliers. Albertsons will begin with a pilot involving suppliers of romaine lettuce – a product which was last year linked to a widespread outbreak of E-coli resulting in recalls on a grand scale, 96 people being hospitalized and, tragically, five deaths.

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Top Trump Advisor’s Shocking Claim Proves Why We Need Bitcoin

Trump economic advisor Larry Kudlow made the bold – and shocking – claim that we “wouldn’t see another rate hike in his lifetime” talking about the importance of cryptocurrency as a means of financial independence.

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Chinese Bitcoin Miners Can’t Catch a Break in Iran Too

A lot of Chinese bitcoin miners migrated to Iran in 2018 for its cheap electricity amid China’s crackdown on crypto mining. However, Iran has some unwelcoming things too. Because of Iran’s generous electricity subsidy, the government has banned energy-devouring crypto mining rigs at border checks. As a result, mining equipment gets confiscated at the border. Some power plants also want profit from providing energy for miners, claiming 50 percent.

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US Startup Raises $14.1 Million for Blockchain-Based Payments Network for Retailers

New York-based blockchain startup Flexa has raised $14.1 million from such participants as early stage token fund 1kx, investment firms Access Ventures and Nima Capital, and hedge fund Pantera Capital. The company intends to create a payment network for retailers that would reduce costs, overhead, and fraudulence by means of blockchain-based settlements. Flexa is also planning to release a mobile application through which customers could conduct operations with cryptocurrencies they already own.

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Digital Asset Partners With VMware

Digital Asset, the firm that created the DAML smart contract programming language, has partnered with major cloud computing company VMware. Digital Asset will integrate its language on VMware’s blockchain platform. The development will purportedly “allow for broader reach and support as a combined offering.”

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